Bp Plc continued to hold its stake in shares of Baidu, Inc. (NASDAQ:BIDU) during the second quarter, Holdings Channel reports. The fund owned 137,260 shares of the information services provider’s stock at the end of the second quarter. Baidu makes up about 0.9% of Bp Plc’s investment portfolio, making the stock its 17th largest position. Bp Plc’s holdings in Baidu were worth $24,542,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Seven Bridges Advisors LLC boosted its position in Baidu by 6.1% in the second quarter. Seven Bridges Advisors LLC now owns 8,104 shares of the information services provider’s stock valued at $1,449,000 after buying an additional 464 shares during the period. British Airways Pensions Investment Management Ltd boosted its position in Baidu by 10.5% in the second quarter. British Airways Pensions Investment Management Ltd now owns 72,747 shares of the information services provider’s stock valued at $13,004,000 after buying an additional 6,900 shares during the period. Pictet Asset Management Ltd. boosted its position in Baidu by 38.1% in the second quarter. Pictet Asset Management Ltd. now owns 866,989 shares of the information services provider’s stock valued at $161,347,000 after buying an additional 239,280 shares during the period. Hussman Strategic Advisors Inc. bought a new position in Baidu during the second quarter valued at $1,789,000. Finally, Chicago Partners Investment Group LLC bought a new position in Baidu during the second quarter valued at $171,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Baidu, Inc. (NASDAQ BIDU) opened at 227.16 on Tuesday. Baidu, Inc. has a 52 week low of $159.54 and a 52 week high of $230.00. The stock has a market cap of $78.77 billion, a price-to-earnings ratio of 42.85 and a beta of 1.95. The company has a 50-day moving average price of $187.72 and a 200-day moving average price of $181.17.

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BIDU has been the topic of several research analyst reports. Benchmark Co. initiated coverage on shares of Baidu in a research report on Tuesday, April 18th. They issued a “buy” rating and a $190.00 price objective on the stock. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $196.20 price objective on the stock. in a research report on Wednesday, April 19th. J P Morgan Chase & Co restated a “neutral” rating and issued a $190.00 price objective on shares of Baidu in a research report on Friday, April 28th. Credit Suisse Group restated a “hold” rating and issued a $180.00 price objective on shares of Baidu in a research report on Friday, April 28th. Finally, Jefferies Group LLC upped their price objective on shares of Baidu from $188.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $209.80.

Baidu Company Profile

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

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Institutional Ownership by Quarter for Baidu (NASDAQ:BIDU)

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